KMT Stock Analysis: Kennametal | NYSE
Tools & Accessories | NYSE, USA | Market Cap: 1.789m USD | 12M Return: -10.8% | US4891701009 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 47.4M
EPS Trend: 69.1%
Qual. Beats: 5
Rev. Trend: 60.3%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Kennametal Inc. (NYSE: KMT) is a U.S.-based industrial materials company that develops and applies tungsten carbides, ceramics, and other hard materials for customers worldwide. Founded in 1938 and headquartered in Pittsburgh, Pennsylvania, the company sells its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through a direct sales force, independent distributors, integrated supplier channels, and digital platforms. As a constituent of the Industrials sector, Kennametals products are inputs into heavy industrial production, making its demand profile closely tied to capital spending and manufacturing activity in aerospace, automotive, energy, and mining.
The company operates through two business segments. The Metal Cutting segment supplies milling, hole-making, turning, threading, and toolmaking systems used in the manufacture of airframes, aero engines, trucks, automobiles, ships, and industrial equipment. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders-including compacts, nozzles, and frac seats-serving oil and gas, petrochemical, mining, trenching, road milling, aerospace and defense, and packaging end markets. Both segments focus on wear-resistant solutions for demanding applications, which typically command premium pricing in industrial supply chains.
- Industrial production cycle drives Metal Cutting segment revenue
- Oil and gas capex demand supports Infrastructure segment orders
- Tungsten raw material costs pressure consolidated margins
| Net Income: 590.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.07 > 0.02 and ΔFCF/TA -11.10 > 1.0 |
| NWC/Revenue: 68.08% < 20% (prev 32.07%; Δ 36.02% < -1%) |
| CFO/TA -0.06 > 3% & CFO -222.8m > Net Income 590.7m |
| Net Debt (951.4m) to EBITDA (947.5m): 1.00 < 3 |
| Current Ratio: 3.45 > 1.5 & < 3 |
| Outstanding Shares: last quarter (78.1m) vs 12m ago 1.68% < -2% |
| Gross Margin: 50.50% > 18% (prev 30.34%; Δ 20.16% > 0.5%) |
| Asset Turnover: 82.10% > 50% (prev 78.72%; Δ 3.38% > 0%) |
| Interest Coverage Ratio: 23.70 > 6 (EBIT TTM 805.6m / Interest Expense TTM 34.0m) |
| A: 0.46 (Total Current Assets 2.52b - Total Current Liabilities 730.8m) / Total Assets 3.88b |
| B: 0.45 (Retained Earnings 1.74b / Total Assets 3.88b) |
| C: 0.25 (EBIT TTM 805.6m / Avg Total Assets 3.20b) |
| D: 0.91 (Book Value of Equity 1.82b / Total Liabilities 2.01b) |
| Altman-Z'' = 7.13 = AAA |
| DSRI: 1.13 (Receivables 429.9m/288.0m, Revenue 2.63b/1.98b) |
| GMI: 0.60 (GM 30.34% / 50.50%) |
| AQI: 0.59 (AQ_t 0.13 / AQ_t-1 0.22) |
| SGI: 1.32 (Revenue 2.63b / 1.98b) |
| TATA: 0.21 (NI 590.7m - CFO -222.8m) / TA 3.88b) |
| Beneish M = -3.27 (Cap -4..+1) = AA |
As of November 14, 2026, the stock is trading at USD 23.99 with a total of 1,224,654 shares traded. Over the past week, the price has changed by +5.22%, over one month by -22.73%, over three months by -20.34% and over the past year by -10.81%.
Current recommended Stop Loss: 22.30 (which is 7% or 1.2 ATR below the current price).
Kennametal has received a consensus analysts rating of 2.25. Therefore, it is recommended to sell KMT.
- StrongBuy: 0
- Buy: 0
- Hold: 4
- Sell: 2
- StrongSell: 2
| Analysts Target Price | 31.4 | 31% |
P/E Trailing = 3.0553
P/E Forward = 22.1239
P/S = 0.6809
P/B = 1.2788
P/EG = 1.253
Revenue TTM = 2.63b USD
EBIT TTM = 805.6m USD
EBITDA TTM = 947.5m USD
Long Term Debt = 1.09b USD (from longTermDebt, last quarter)
Short Term Debt = 51.9m USD (from shortTermDebt, last quarter)
Debt = 1.22b USD (from shortLongTermDebtTotal, last quarter) + Leases 45.1m
Net Debt = 951.4m USD (calculated: Debt 1.22b - CCE 272.8m)
Enterprise Value = 2.74b USD (1.79b + Debt 1.22b - CCE 272.8m)
Interest Coverage Ratio = 23.70 (Ebit TTM 805.6m / Interest Expense TTM 34.0m)
EV/FCF = -9.53x (Enterprise Value 2.74b / FCF TTM -287.5m)
FCF Yield = -10.49% (FCF TTM -287.5m / Enterprise Value 2.74b)
FCF Margin = -10.94% (FCF TTM -287.5m / Revenue TTM 2.63b)
Net Margin = 22.49% (Net Income TTM 590.7m / Revenue TTM 2.63b)
Gross Margin = 50.50% ((Revenue TTM 2.63b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Gross Margin QoQ = 66.85% (prev 58.86%)
Tobins Q-Ratio = 0.71 (Enterprise Value 2.74b / Total Assets 3.88b)
Interest Expense / Debt = 2.78% (Interest Expense 34.0m / Debt 1.22b)
Taxrate = 23.47% (184.1m / 784.3m)
NOPAT = 616.5m (EBIT 805.6m * (1 - 23.47%))
Current Ratio = 3.45 (Total Current Assets 2.52b / Total Current Liabilities 730.8m)
Debt / Equity = 0.67 (Debt 1.22b / totalStockholderEquity, last quarter 1.82b)
Debt / EBITDA = 1.00 (Net Debt 951.4m / EBITDA 947.5m)
Debt / FCF = -3.31 (negative FCF - burning cash) (Net Debt 951.4m / FCF TTM -287.5m)
Total Stockholder Equity = 1.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.46% (Net Income 590.7m / Total Assets 3.88b)
RoE = 38.97% (Net Income TTM 590.7m / Total Stockholder Equity 1.52b)
RoCE = 30.87% (EBIT 805.6m / Capital Employed (Equity 1.52b + L.T.Debt 1.09b))
RoIC = 20.08% (NOPAT 616.5m / Invested Capital 3.07b)
WACC = 6.52% (E(1.79b)/V(3.01b) * Re(9.53%) + D(1.22b)/V(3.01b) * Rd(2.78%) * (1-Tc(0.23)))
Discount Rate = 9.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -52.80 | Cagr: -0.70%
[DCF] Fair Price = unknown (Cash Flow -287.5m)
EPS Correlation: 69.13 | EPS CAGR: 53.27% | SUE: 3.70 | # QB: 5
Revenue Correlation: 60.32 | Revenue CAGR: 5.83% | SUE: -0.17 | # QB: 0
EPS current Quarter (2026-12-31): EPS=1.37 | Chg30d=+2.99% | Revisions=+40% | Analysts=8
EPS next Quarter (2027-03-31): EPS=0.52 | Chg30d=+0.64% | Revisions=+25% | Analysts=5
EPS current Year (2027-06-30): EPS=4.96 | Chg30d=+0.08% | Revisions=+25% | GrowthEPS=+8.5% | GrowthRev=+43.4%
EPS next Year (2028-06-30): EPS=2.44 | Chg30d=-8.07% | Revisions=-25% | GrowthEPS=-50.6% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: +38% (up=4, down=1)